Market Overview
Home Prices in Surprise, AZ
The median home value in Surprise, AZ is $420,221 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and down 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Surprise are priced2% above average. Surprise is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Surprise home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
Surprise Home Price Trend
City Comparison
Surprise vs. National Median
At $420,221, homes in Surprise cost 2% above the national median of $410,000. Buyers in Surprise should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Surprise?
20% Down Payment
$84,044
on $420,221
Monthly P&I
$2,192/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,784/mo
incl. taxes & insurance
Income Needed
$111,360
gross annual (30% rule)
10% Down Option
$42,022
+ PMI applies
Loan Amount (20% dn)
$336,177
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Surprise, AZ?
The median home value in Surprise is $420,221 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Surprise?
Over the past year, home values in Surprise have decreased by 2.2%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in Surprise?
To comfortably afford the median home price of $420,221 with a 20% down payment ($84,044) at today's rates (6.8%), you'd need a gross annual income of approximately $111,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Surprise compare to the national average home price?
The national median home value is approximately $410,000. At $420,221, homes in Surprise are 2% above the national average.
What metro area is Surprise part of?
Surprise is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.